Based on panel data of 58 countries, of which 22 Inflation Targeters and 36 non Inflation Targeters, over the period 1980-2003, this paper highlights the effect of Inflation Targeting – IT- on Fiscal Discipline –FD-. We make four contributions to the literature. Firstly, by applying the 2SLS...

This paper analyses the effect of National Numerical Fiscal Rules (FRs) upon fiscal discipline in 74 developing countries over the period 1990-2007. It is the first study that assesses the impact of FRs on budgetary outcomes while controlling for the self-selection problem. It finds that the...

This paper analyzes the effects of Inflation Targeting (IT) and Fiscal Rules (FR) on fiscal behaviors and inflation dynamics. Its main novelty is twofold: first, it is the first study which accounts explicitly for the role of the interactions between IT and FR regarding their fiscal and...

This article examines the influence of Policy Mix coherence in Economic Community of West African States (ECOWAS). The paper innovates in two ways. First, through an interaction between the monetary conditions index and the primary structural fiscal balance, we highlight coherence-type...

We explore the performances of inflation targeting (IT) adoption in terms of fiscal discipline (FD), while most existing studies focus exclusively on the role of FD as a precondition for IT adoption. Using a sample of developing and developed countries, we show that IT adoption exerts a positive...

This paper analyses the effect of National Numerical Fiscal Rules (FRs) upon fiscal discipline in 74 developing countries over the period 1990–2007. It is the first study that assesses the impact of FRs on budgetary outcomes while controlling for the self-selection problem. It finds that the...

The economic transition in post-communist countries generated a new phenomenon: open unemployment. Since the beginning of the reforms, the official unemployment rates have been very high in the CEECs (Central and Eastern European Countries), compared to the NIS (New Independent States from the...

De 1980 à 2002, l’industrie française a perdu 1 500 000 emplois. La croissance des importations en provenance des pays émergents dans les secteurs ayant perdu le plus d’emplois suggère que les délocalisations et le commerce avec ces pays pourraient en être responsables. Dans le même...

The relationship between the current account and the macroeconomic development remains an important issue in an open economy. Recently, global current account imbalances, and more specifically the large deficit in the United States and the surplus in China and other Asian economies, continue to...

The topic of this paper is the time needed by China for becoming the largest economy in the world, based on the current tendency of development. Four factors are estimated: GDP, speed of growth, exchange rate and GDP deflator. The results of the estimations lead to think that chinese economy...